Coal 2023: analysis and forecast to 2026
Latest IEA market report sees lower demand to 2026, based on current policies, but stronger actions are needed to drive a steeper decline towards meeting international climate goals. After reaching an
Fuel Pricing
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Chaturvedi panel and oil sector reforms (Debate)
The Chaturvedi Committee recommendations on how to reform various aspects of the petroleum sector has turned out to be extremely divisive. Three experts debate the coherence and effectiveness of the entire report. I S S U E S Is the proposed special oil tax on domestic producers justified? Should petroleum products be priced on the basis of export prices, as recommended? Is differential prices for auto fuel a good idea? Will it not lead to diversion? Is phased removal of subsidies feasible? SARTHAK BEHURIA Chairman, Indian Oil Corporation Ltd
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Diesel may cost Rs 57 per litre for industries
New Delhi, The state-run oil firms have proposed a Rs 57 per litre price for diesel they sell to industrial users as against Rs 34.80 a litre currently. This is because use of the fuel in sectors like power generation had seen an unprecedented growth.
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Energy security or fuel poverty?
Conservation of energy should become a way of life. Rational energy pricing and fuel substitution policies should be kept in place. And a really competitive market with an independent regulator must be created, says T N R Rao.
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Cos may shift to alternative fuel
REDUCING THE SUBSIDY BURDEN Sudheer Pal Singh / New Delhi August 26, 2008, 0:52 IST Companies which use diesel to run their backup generators say they would shift to alternative fuels if the government decides to adopt dual pricing, where these firms would be charged higher and retail customers would continue to get subsidised fuel. Corporations in many states are forced to use their own diesel-powered generators as state electricity boards are unable to supply uninterrupted power due to demand far exceeding electricity generation.
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Restriction on barrel sale of diesel hits SSIs
Restriction on barrel sale of diesel hits SSIs Shyam Ranganathan CHENNAI: The recent diesel shortage and the decision to restrict barrel sale by oil marketing companies in the city are having an adverse effect on small-scale industries, according to entrepreneurs. R. Namasivayam, who owns an aluminium die-casting plant, says that he has been working at only about 50 per cent capacity because of the non-availability of diesel.
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What Price Caution?
Suggestions Refinery gate price to be fixed on average of global petro product prices Fuel quality to set retail price; transparency on profit/taxes charged Segmentation of diesel according to use Monthly hike in petrol, diesel and LPG prices; retain targeted subsidies
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Oil bounces back to $117
London, World oil prices extended gains on Thursday following a bigger-than-expected drop in inventories of US motor fuel. New York's main contract, light sweet crude for delivery in October, climbed $1.44 to $117 a barrel in electronic deals. London's Brent North Sea crude for October advanced $1.39 to $115.75. "People are looking at the gasoline inventory drawdown,' said Mr Tetsu Emori, fund manager at Astmax asset management.
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Try a better option
Business Standard / New Delhi August 21, 2008, 5:48 IST
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Xstrata suspends ferronickel mine
Xstrata said on Tuesday it had shut down a ferronickel mining and processing operation in the Dominican Republic for at least four months due to soaring energy costs and lower nickel prices. The Switzerland-based mining group said that its Falconbridge Dominicana (Falcondo) operation, which each year produced 29,000 tonnes or 2 per cent of the world's primary nickel, would be suspended until market conditions improved.
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Opec pushes output to record level
Opec pushed its oil production to the highest level in its 48-year history last month, even as demand was slipping in the US and Eur-ope, the International Energy Agency (IEA) said yesterday. The combination of surplus supply and weaker demand has pushed oil prices to $113.50 a barrel, down 24 per cent in the last month and the lowest level since late April.